Mortality briefing, April 2024

The Continuous Mortality Investigation (CMI) has released the latest version of its mortality improvement model, CMI_2023. The default model results in slightly lower life expectancies when compared to the previous version, CMI_2022.

First Actuarial case studies

Usdaw

Trade union Usdaw selected First Actuarial to transform its scheme administration, resulting in improved quality and time-cost savings.

Southern Co-op

First Actuarial's fiduciary management consultants guided the trustees of Southern Co-op through their provider review, delivering fee savings.

Oil and Gas Industry

Oil and gas company DB scheme wind-up resulted in generous transfers for members and £3m surplus for employer, with First Actuarial’s help.